Funding arb · Price arb /

CRM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against Gate−0.156%7-day average −0.052% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Gate Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.104%−$10 on $10k

Price spread, last 4 days (all we have)+0.071%+$7 · spread now −0.156%, 7d avg −0.052%

Together, before fees−0.033%−$3 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.104% cheaper against Gate than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.052%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate CRM_USDT	237.46	0	get 0.0000% / 8h	1h 21m	$224K	$20K	20x
Short	Bitget CRMUSDT	237.09	0	get 0.0000% / 8h	1h 21m	$445K	$70K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Gate. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GatebpFee BitgetbpOrdersPrice spread, now −0.156%Rate

Funding earned: $0
Price spread: −0.156% → −0.052%: −$10.43
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$37.43
Costs to cover: 0.270%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 55 min ago; Bitget: live order book, 54 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Gate live order book, 55 min ago	15.40 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 54 min ago	20.92 bp	27.7 bp −$28	37.7 bp −$377	doesn't fit	doesn't fit

CRM on 14 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster CRMUSDT	0.0000%	8h	237.39	−0.028%	$11K	$2K	20x	as long as short
Binance CRMUSDT	0.0000%	8h	237.36	−0.044%	$1.8M	$1.6M	20x	as long as short
Bybit CRMUSDT	0.0000%	8h	237.33	−0.055%	$262K	$97K	25x	as long as short
OKX CRM-USDT-SWAP	0.0000%	8h	237.39	−0.029%	$458K	$143K	10x	as long as short
Gate CRM_USDTlong	0.0000%	8h	237.46	long leg	$224K	$20K	20x
Bitget CRMUSDTshort	0.0000%	8h	237.09	−0.156%	$445K	$70K	20x
Variational Omni CRM	0.0000%	8h	237.42	−0.019%	$46K	$40K	—	as long as short
GRVT CRM_USDT_Perp	0.0000%	8h	237.38	−0.033%	$574	$113K	10x	as long as short
SunX CRM-USDT	0.0000%	8h	237.43	−0.013%	$774	$327K	10x	as long as short
HTX CRM-USDT	0.0000%	8h	237.54	+0.034%	$10K	$25K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective CRM/USDC PERP	+0.0033%	1h	238.14	+0.286%	$12K	$24K	12x	as long as short
QFEX CRM-USD	+0.0037%	1h	237.36	−0.042%	$1.5M	$11.9M	10x	as long as short
KuCoin CRMUSDTM	+0.0100%	8h	237.28	−0.076%	$104K	$698K	20x	as long as short
edgeX CRMUSDC	+0.0710%	4h	237.42	−0.019%	$96K	$230K	10x	as long as short